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Wall Street’s Best Digest Daily Alert: (AVGO)

Analysts expect this stock to earn $3.48 a share, on sales of $4.08 billion, when it reports today.

Analysts expect Broadcom to earn $3.48 a share, on sales of $4.08 billion, when it reports today.

Broadcom Limited (AVGO)
From The Chartist

It is readily apparent that not only are valuations at extreme levels, but bullish sentiment as well. As far as complacency is concerned we need look no further than the CBOE Market Volatility Index (VIX), which at last glance was at 11.72 and it was as low as 10.58 only a couple of weeks ago, which was a multi-year low.

Is the combination of overvaluation, complacency, and overconfidence a ticking time bomb? Many analysts contend that it is, and their concerns are well-founded. We bring all this up because the bears are becoming more vehement with each passing day, and there is no doubt that they will eventually get it right because bear markets inevitably follow bull markets. In the meantime, it is a bull market; and, as we have repeated again and again, the best course of action is to give the bull market every benefit of the doubt.

Broadcom Limited (AVGO) is a designer, developer and global supplier of a range of semiconductor devices with a focus on digital and mixed signal complementary metal oxide semiconductor (CMOS)-based devices and analog III-V based products.

The company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other. It offers a range of products that are used in end-products, such as enterprise and data center networking, home connectivity, set-top boxes (STBs), broadband access, telecommunication equipment, smart phones, data center servers and storage systems, factory automation, power generation and alternative energy systems, and electronic displays.

Dan Sullivan, The Chartist,, 900-942-4278, February 23, 2017